Rank the Banks Florida – 2017 Q1 Disclosure Statement
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Rank The Banks Florida – 2017 Q1 Disclosure Statement This material has been prepared from publicly available information by certain personnel of Banks Street Partners, LLC and its affiliate, BSP Securities, LLC, and not by an equity research department. It is not classified as investment research or a research recommendation, nor does it constitute analysis substantive enough on which to base an investment decision. It is provided solely for informational purposes and is not an invitation or offer to subscribe for or purchase any product or service. The data contained herein is from sources believed to be reliable but may be subject to revision at any time without notice. Banks Street Partners, LLC and its personnel may, from time to time, participate or invest in transactions with issuers of securities referred to herein, perform services for or solicit business from such issuers, and/or have a position or effect transactions in the securities or derivatives thereof. 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Accordingly, any discussion of U.S. tax matters included herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone not affiliated with BSP of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. This presentation is not to be considered a solicitation to buy or sell any securities and does not constitute a commitment by any BSP entity to underwrite, subscribe for or place any securities or to arrange credit or to provide any other services. 2 Banks Street Partners Professionals Seasoned professionals with more than 190 years of combined experience and more than 1,000 transactions in the financial services industry ATLANTA CHARLOTTE Lee Burrows Berkeley McKeown Gary McNorrill Chief Executive Officer Analyst President [email protected] [email protected] [email protected] (404) 848-8480 (404) 891-6821 (704) 228-0556 Mark Saunders Jackson Davis Andy Hitt Managing Director Analyst Managing Director [email protected] [email protected] [email protected] (404) 848-2686 (404) 491-0111 (919) 302-8350 Jeff Adams Nicole Mansfield Matt Kennedy Managing Director Chief Marketing Officer Vice President [email protected] [email protected] [email protected] (404) 924-6382 (404) 848-1571 (704) 228-0557 Will Brackett Alison Pickett Sam Poole Senior Vice President Business Manager Analyst [email protected] [email protected] [email protected] (404) 848-0890 (404) 891-6823 (704) 228-0558 Joe Maloney Kristen Ertz Senior Vice President/Analyst Project Manager [email protected] [email protected] (404) 848-2662 (704) 228-0561 3 Rankings Per State Bank Listing Company Name - City - Parent Company - Date Established - Number of Offices - Total Employees - S Corp? - Total Assets - ROAA - ROAE Top 50 Ranking by… Total Assets City - Total Employees- Number of Offices - Total Deposits - Deposits/Office - Assets/Office - Deposits/Employee - Assets/Employee - Total Assets Net Interest Margin City - Total Assets - Yield on Loans - Loan Growth Rate - Cost of Funds - Deposit Growth Rate - Loans/Deposits - Yield on Investment Securities (FTE) - Net Interest Margin Noninterest Income City - Total Assets - Net Income - Service Charge on Deposits/Avg Assets - Gain on Sale of Loans/Avg. Assets - Net Servicing Fees/Avg Assets - Net Gains on OREO/Avg. Assets - Total Noninterest Income - Noninterest Income/Avg Assets Total Overhead City - Total Assets - Efficiency Ratio (FTE) - Total Employees - Number of Offices - Personnel Expense/Avg. Assets - Occupancy Expense/Avg. Assets - Other Expense/Avg. Assets - Total Overhead/Avg Assets Asset Quality City - Total Assets - Gross Loans - LLR/Gross Loans - Adj Loans 30-89PD/Gross Loans - Adj 90+ PD/Gross Loans - Adj NPLs + Adj OREO/Gross Loans - NCO/Avg Loans - Asset Quality Composite ROAE City - Total Assets - LTM Net Income - Total Employees - LTM Net Income/Employee – 2016Q1 LTM Net Income - 2015Q1 LTM Net Income - ROAA - ROAE Overall City - Total Assets - Net Interest Margin Rank - Noninterest Income Rank - Total Overhead Rank - Asset Quality Rank - ROAE Rank - Overall Rank 4 Excluded Banks & Calculation Notes Excluded Banks: Excluded banks are usually special-purpose banks (such as trust banks), subsidiaries of foreign companies, or companies for which necessary data is not available as of this report Banco Do Brasil Americas Banesco USA Canandaigua National Trust Company of Florida Desjardins Bank, N.A. MEMBERS Trust Company Mercantil Bank, N.A. Mercantil Trust Company, N.A. Natbank, N.A. Raymond James Trust, N.A. Sadabell United Bank, N.A. TCM Bank, N.A. Winter Park National Bank Calculation Notes: All data in this report is bank-level and is as of or for the 12 months ending March 31, 2017 (unless noted otherwise) For banks that elect subchapter S status, return on average assets and return on average equity are adjusted to reflect the impact of a 35% corporate tax rate on net income Asset quality index is the sum of: (Adjusted Loans 30-89 PD/Loans) + (Adjusted Loans 90 PD/Loans )+ (Adjusted NPLs/Loans) + (Adjusted OREO/Loans) + (Net Chargeoffs/Avg Loans). Adjustments are made to exclude loans for which repayment of principal is wholly or partially guaranteed by the US government Overall ranking is based on an unweighted average of Net Interest Margin rank, Noninterest Income rank, Total Overhead rank, Asset Quality rank and ROAE rank 5 Florida – Bank Listing Number Total Date of Total S Corp Assets ROAA ROAE Company Name City Parent Company Established Offices Employees (Yes/No) ($000) (%) (%) 1st Manatee Bank Bradenton 11/13/2007 3 34 No 165,113 0.59 4.66 American National Bank Oakland Park ANB Holdings, Inc. 10/15/1985 1 37 No 293,441 1.14 8.43 Anchor Commercial Bank Juno Beach 3/23/2005 2 23 No 122,583 0.42 3.99 Apollo Bank Miami Apollo Bancshares, Inc. 10/1/2001 7 93 No 573,459 1.01 10.02 Atlantic Coast Bank Jacksonville Atlantic Coast Financial Corporation 3/27/1939 12 183 No 924,683 0.99 10.55 Axiom Bank Maitland Axiom Bancshares, Inc. 1/1/1962 20 174 No 559,392 0.40 2.60 BAC Florida Bank Coral Gables 10/12/1973 1 169 No 1,996,652 0.84 10.20 Bank of Belle Glade Belle Glade Belle Glade Bank Corporation 11/14/1963 1 16 No 105,099 0.33 4.15 Bank of Central Florida Lakeland Bank of Central Florida Holding Company 3/19/2007 4 57 No 482,367 0.84 10.29 Bank of Pensacola Pensacola Five Flags Banks, Inc. 10/26/1973 2 14 No 82,120 (0.05) (0.35) Bank of Tampa Tampa Tampa Bay Banking Company 3/30/1973 9 227 No 1,540,558 0.94 11.17 Bank of the South Pensacola Five Flags Banks, Inc. 5/20/1964 2 18 No 76,709 (0.08) (0.45) BankUnited, National Association Miami Lakes BankUnited, Inc. 5/21/2009 99 1,649 No 27,881,033 0.94 9.62 Beach Community Bank Fort Walton Beach Beach Community Bancshares, Inc. 4/27/2001 11 110 No 505,599 (0.43) (11.63) Biscayne Bank Coconut Grove Biscayne Bancshares, Inc. 7/5/2005 5 79 No 780,557 1.29 15.61 Brannen Bank Inverness Brannen Banks of Florida, Inc. 7/1/1926 12 100 Yes 499,009 0.93 12.54 Brickell Bank Miami Espirito Santo Financial Group SA 9/12/1973 1 71 No 498,508 (0.63) (10.47) Capital City Bank Tallahassee Capital City Bank Group, Inc. 1/1/1895 69 807 No 2,873,669 0.44 3.72 CBC National Bank Fernandina Beach Coastal Banking Company, Inc. 1/1/1999 7 433 No 562,319 1.43 12.90 CenterState Bank of Florida, National Association Winter Haven CenterState Banks, Inc. 2/21/1992 82 990 No 5,320,506 1.29 12.10 Central Bank Tampa Central Financial Holdings, Inc. 2/26/2007 1 26 No 127,495 1.53 14.52 Century Bank of Florida Tampa Century Bancshares of Florida, Inc. 9/11/2000 1 16 Yes 77,307 0.33 3.80 Charlotte State Bank & Trust Port Charlotte Crews Banking Corporation 11/3/1987 7 90 Yes 361,638 1.18 13.55 Citizens Bank and Trust Lake Wales Citizens Banking Corporation 5/13/1920 12 146 Yes 537,900 0.60 7.26 Citizens Bank of Florida Oviedo Citizens Bancorp of Oviedo, Inc. 7/1/1946 4 52 No 264,978 0.48 5.08 Citizens First Bank The Villages Villages Bancorporation, Inc. 7/1/1991 11 274 No 2,020,358 1.19 13.23 Citizens State Bank Perry Perry Banking Company, Inc. 7/7/1958 4 47 Yes 265,079 0.51 5.82 City National Bank of Florida Miami Inversiones Baquio Ltda 1/1/1946 26 578 No 8,524,659 1.06 8.17 Columbia Bank Lake City First Columbia Bancorp, Inc. 2/1/1912 5 58 No 208,384 (0.16) (1.48) Commerce National Bank & Trust Winter Park Commerce National Bankshares of Florida, Inc.